Island Home Club
- Assets
- $148.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Gloucester, ME
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 01-0096152
Organization Overview
Island Home Club is located in New Gloucester, ME. The organization was established in 1998. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Home Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Island Home Club generated $92.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $57.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE CORPORATION MAINTAINS THE COMMON AREA OF FAMILIES OWNING TEN COTTAGES AND THREE SMALL ISLANDS AS WELL AS MAINTENANCE OF THE COOKHOUSE FOR THE FAMILIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Cosseboom Treas | 1 | $0 | |
Russell B Macpherson President | 1 | $0 | |
Katherine Holmes Vice President | 1 | $0 | |
Paula Walker Secr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $92,246 |
| Investment income | $204 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,450 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,488 |
| Professional fees and other payments to independent contractors | $8,688 |
| Occupancy, rent, utilities, and maintenance | $14,762 |
| Printing, publications, postage, and shipping | $3 |
| Other expenses | $31,303 |
| Total expenses | $57,244 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,779 |
| Other assets | $0 |
| Total assets | $148,682 |
| Total liabilities | $0 |
| Net assets or fund balances | $148,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abenaqui Country Club Inc Rye Beach, NH | $11,569,362 | $5,766,433 |
Concord Country Club Inc Concord, NH | $6,058,459 | $2,790,270 |
Prouts Neck Country Club Scarborough, ME | $3,246,004 | $2,096,508 |
Tarratine Club Of Dark Harbor Islesboro, ME | $2,645,678 | $2,091,747 |
Portland Yacht Club Falmouth Foreside, ME | $1,533,737 | $1,302,327 |
Boothbay Harbor Yacht Club Boothbay Harbor, ME | $2,743,334 | $1,117,959 |
Waterville Country Club Incorporated Oakland, ME | $1,463,179 | $1,286,580 |
Cumberland Club Portland, ME | $1,650,916 | $1,185,645 |
Causeway Club Inc Southwest Harbor, ME | $2,689,618 | $1,380,527 |
L S P Association Gilford, NH | $2,550,176 | $844,392 |
Dublin Lake Club Dublin, NH | $2,497,545 | $929,278 |
Harbor Club Inc Mt Desert, ME | $2,270,487 | $842,935 |